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Nevada to Lengthen Horse Racing Post Times
Nevada regulators may revise 'post time' bets for horse races
LAS VEGAS (AP) - The Nevada Gaming Commission is considering changing how "post times" for horse races are regulated in casino race and sports books.
Currently the cutoff time for placing bets in Nevada sports books comes sooner than when placing bets at race tracks, Deputy Attorney General Michael Wilson told commissioners Thursday.
A study of 589 horse races showed there could be up to a 4-minute variance between when bettors were prevented from placing a wager in a Nevada sports book compared with race tracks, Wilson said.
New computerized betting systems in the race and sports books have eliminated earlier regulatory concerns that bets could be placed after a horse race had started, Wilson said.
The proposed change would level the playing field for Nevada bettors, according to Wilson.
The commission is scheduled to vote on the proposal at its regular June meeting.
In other business, the commission unanimously approved the purchase of a northern Nevada resort by a Reno casino operator and three new slot machine licenses for restaurants in Carson City and Reno.
Sands Regent, which owns the Sands Regency hotel-casino, was given the OK to purchase the Gold Ranch Casino and RV Resort west of Reno for cash, stock and assumed debt.
The Gold Ranch resort includes an 8,000-square-foot casino with about 300 slot machines, a video arcade, a coffee shop, a fast-food restaurant, two bars and a convenience store. The site also includes an ARCO gas station, a California lottery outlet and a 105-space recreational vehicle park, which opened in July 2001.
The purchase was approved without discussion by commissioners.
Commissioners also granted a nonrestricted gambling license for up to 40 slot machines to Dotty's restaurant, to be located in a Carson City strip mall, despite concerns expressed about the company's operations.
The board also unanimously approved restricted licenses for 15 slot machines each at two other Dotty's locations in Reno.
Dotty's President Richard Estey assured the board he had taken corrective action to address concerns expressed by Gaming Control Board members that employees at one of Dotty's locations were encouraging patrons to gamble, rather than eat at the restaurant.
State gambling laws require that at businesses with restricted gambling licenses, the operation of slot machines must be secondary to the main business operation, for example at a gas station or in a bar or restaurant.
The licensing gives Dotty's 11 locations in the state.
LAS VEGAS (AP) - The Nevada Gaming Commission is considering changing how "post times" for horse races are regulated in casino race and sports books.
Currently the cutoff time for placing bets in Nevada sports books comes sooner than when placing bets at race tracks, Deputy Attorney General Michael Wilson told commissioners Thursday.
A study of 589 horse races showed there could be up to a 4-minute variance between when bettors were prevented from placing a wager in a Nevada sports book compared with race tracks, Wilson said.
New computerized betting systems in the race and sports books have eliminated earlier regulatory concerns that bets could be placed after a horse race had started, Wilson said.
The proposed change would level the playing field for Nevada bettors, according to Wilson.
The commission is scheduled to vote on the proposal at its regular June meeting.
In other business, the commission unanimously approved the purchase of a northern Nevada resort by a Reno casino operator and three new slot machine licenses for restaurants in Carson City and Reno.
Sands Regent, which owns the Sands Regency hotel-casino, was given the OK to purchase the Gold Ranch Casino and RV Resort west of Reno for cash, stock and assumed debt.
The Gold Ranch resort includes an 8,000-square-foot casino with about 300 slot machines, a video arcade, a coffee shop, a fast-food restaurant, two bars and a convenience store. The site also includes an ARCO gas station, a California lottery outlet and a 105-space recreational vehicle park, which opened in July 2001.
The purchase was approved without discussion by commissioners.
Commissioners also granted a nonrestricted gambling license for up to 40 slot machines to Dotty's restaurant, to be located in a Carson City strip mall, despite concerns expressed about the company's operations.
The board also unanimously approved restricted licenses for 15 slot machines each at two other Dotty's locations in Reno.
Dotty's President Richard Estey assured the board he had taken corrective action to address concerns expressed by Gaming Control Board members that employees at one of Dotty's locations were encouraging patrons to gamble, rather than eat at the restaurant.
State gambling laws require that at businesses with restricted gambling licenses, the operation of slot machines must be secondary to the main business operation, for example at a gas station or in a bar or restaurant.
The licensing gives Dotty's 11 locations in the state.